Conch, 186 million yuan acquisition of enterprises

Conch New Material announced on the evening of June 17. Conch Environment , a holding subsidiary of the company, intends to acquire 80% equity of Henan Kangningte Environmental Protection Technology Co., Ltd. (Hereinafter referred to as "Kangningte") and 100% equity of Zhengzhou Kangningte Environmental Engineering Technology Co., Ltd. The total transaction price is 186 million yuan. In 2020, the

company expanded the SCR denitrification catalyst industry, and the current industrial operation is in good condition. In view of the mature and reliable production technology of Conningte honeycomb catalyst, which has a certain market foundation, and the engineering company has the first-class design qualification of environmental engineering and the first-class qualification of environmental protection specialty, the company's acquisition of Conningte and Engineering Company is conducive to further expanding the production capacity of SCR denitrification catalyst and enhancing the company in the central region. Extend and expand the denitrification engineering industry, and promote the high-quality development of the company's SCR denitrification catalyst industry.

It is reported that Conch New Material is one of the important sectors of Conch Group's "one base and five industries" development. Founded in 1995, the company is headquartered in Wuhu, Anhui Province. After years of rapid development, Conch New Material has built a dual-industry development pattern of "new building materials + new environmental protection materials", with more than 20 subsidiaries at home and abroad, distributed in 13 provinces and cities and 2 overseas countries such as Thailand and Myanmar.